To cut back vehicular congestion at toll plazas on Nationwide Highways, the Authorities of India has mandated that every one such amenities throughout the nation make toll funds digital by Dec 1, 2019. With this mandate, all autos touring via toll plazas should pay toll expenses utilizing an RFID-based expertise referred to as FASTag that facilitates automated deduction of toll expenses. The expertise is already operational at 407 toll plazas throughout nationwide and state highways, with extra anticipated to be introduced below this system within the coming days.
What Are FASTags?
A FASTag is a straightforward to make use of, re-loadable tag which allows automated deduction of toll expenses and lets autos go via toll plazas with out stopping for guide money transaction. FASTags are linked to pay as you go accounts from which the relevant toll quantity is deducted. The tag employs Radio-frequency Identification (RFID) expertise and is affixed on the car’s windscreen after the tag account is activated.
How Can You Purchase a FASTag For Your Car?
All main banks within the nation are a part of the FASTag program as a part of the Nationwide Digital Toll Assortment (NETC) initiative rolled out by the Nationwide Funds Company of India (NPCI) below the rules of the Nationwide Highways Authority of India (NHAI) and the Indian Highways Administration Firm Restricted (IHMCL). SBI, ICICI, HDFC, Axis, Kotak Mahindra are all a part of this system, so you will get your tag by visiting your department.
What Do You Must Purchase a FASTag?
You’ll have to present primary KYC (Know Your Buyer) particulars, together with your title, contact quantity, car registration quantity and a duplicate of the registration certificates (RC) whereas buying the tag. You’ll additionally should deposit a safety quantity of Rs. 200 – Rs. 400 relying on the financial institution and the kind of car. The quantity can be refunded to you in the event you shut your FASTag account with the financial institution.